Torah Academy

Analysis

Torah Academy is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Torah Academy reported income of $1.4m and spending of $1.3m, spending 96% of its income. Across the 6 years on record, from August 2018 to July 2023, income grew from $527k to $1.4m (+157%), an average of +21% a year. The sharpest change came in the year to July 2019, when income rose by 344%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Torah Academy sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include California State Protocol Foundation ($1.4m), Hopkinsville Christian County Public Library ($1.4m) and Montessori School of Bowling Green ($1.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 29% and program service revenue 61% of the total. Other salaries and wages came to $768k. At year end it held assets of $1.4m against liabilities of $541k, net assets of $891k. It reported 52 employees.